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Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
Unconsolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of TurkIsh Lıra (“TL”))
(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
V. Information and disclosures related to statement of changes in shareholders’ equity
1. Information on increases of revaluation of available-for-sale investments
Movement tables related to revaluation differences of available-for-sale investments where valuation differences arising from the fair value
measurement of available-for-sale assets, subsidiaries and affiliates are recorded are as follows:
Valuation Differences of Marketable Securities
Current Year
Prior Year
Valuation differences at the beginning of the year
738,974
(67,933)
Fair value changes in the current year
(772,630)
914,839
Effect of deferred and corporate taxes
85,605
(67,930)
Valuation differences transferred to the statement of income
(246,196)
(33,821)
Effect of deferred and corporate taxes
(6,417)
(6,181)
Valuation differences at the end of the year
(200,664)
738,974
Valuation Difference of the Subsidiaries and Affiliates
Current Year
Prior Year
Valuation differences at the beginning of the year
710,999
321,237
Fair value changes in the current year
179,963
410,251
Effect of deferred and corporate taxes
(8,972)
(20,489)
Valuation differences transferred to the statement of income
-
-
Effect of deferred and corporate taxes
-
-
Valuation differences at the end of the year
881,990
710,999
2. Information on increases in cash flow hedges
None.
3. Reconciliation of the beginning and end of the year balances of foreign exchange differences
None.
4. Information on differences in shareholders’ equity accounts due to inflation accounting
In compliance with BRSA’s Circular on 28 April 2005 on ceasing the inflation accounting application, the balances resulted from the inflation accounting
application as at 31 December 2004 and booked according to the Uniform Chart of Accounts and the related Articles, are transferred to the main
accounts that were subject to the inflation accounting adjustments except for “capital reserves from inflation adjustments”. The balance of “capital
reserves from inflation adjustments” account is transferred to “other capital reserves” account. In 2006, the Bank has increased its paid in capital
through “other capital reserves” by TL 605,763.
5. Information on profit distribution
As per the resolution of 59th Annual General Assembly held on 29 March 2013, the net profit of the year 2012 which amounts to TL 1,436,165 after
deferred tax income deducted is decided to be distributed as legal reserves amounting to TL 143,616, extraordinary reserves amounting to TL 1,189,475,
special funds amounting to TL 3,075 and dividends to equity holders of the Bank amouting to TL 100,000.
6. Information on decreases of revaluation of available-for-sale investments
Revaluation differences of available-for-sale investments has resulted with decrease in the current year. Detailed information about the decreases is
explained above in Note 1.
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